Flex Space with Warehouse
For Sale
$799,900
3821 Commercial St NE, Albuquerque, NM 87107
M-1 flex property with warehouse, office, loading, parking, and lifestyle amenities.
Property Size6,320 SF
Price / SF$126.57
Days on Market53
Property Features for 3821 Commercial St NE
General Information
Standard status
Active
Size
6,320 SF
Listing Agency:
The Maez Group
Listed By:
Joseph E Maez · License #17921
(505) 515-1719
Source:
Thesouthwestlife
Added: Aug 22
Changed: Oct 13
Last Checked: Oct 7 at 4:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Maez Group
Investment Insights
Based on property information with market context.
This M-1 flex property combines three warehouse areas with a secure vault and approximately 2,325+/- sq ft of office and living space. The improvements also include a dedicated loading and unloading area, ample parking, and an RV site with dump. A pond, pool, and hot tub add further on-site amenities.
Located on a quiet street in Albuquerque, the property offers access to the Big I while maintaining a private setting. Its mix of industrial workspace, office and living areas, security features, and support amenities accommodates a range of operational requirements within a single commercial property.
Located on a quiet street in Albuquerque, the property offers access to the Big I while maintaining a private setting. Its mix of industrial workspace, office and living areas, security features, and support amenities accommodates a range of operational requirements within a single commercial property.
Key Highlights
- M‑1 commercial property with three warehouse spaces
- Approximately 2,325+/- sq ft of office and living areas
- Secure vault included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,197
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,940
$1.1M
Cap Rate 7%
$802,814
$802.8K
Cap Rate 9%
$624,411
$624.4K
Market Conditions
NOI Build-Up for 6,320 SF
Gross rent
$91.0K $14.40/SF
− Vacancy
−$4.6K −$0.72/SF
EGI
$86.5K $13.68/SF
− OpEx
−$30.3K −$4.79/SF
NOI
$56.2K $8.89/SF
Area
Albuquerque, NM
Vacancy
5.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,123,940
Cap Rate 7%
$802,814
Cap Rate 9%
$624,411
Alternative Uses
Best Use
Office B
$1.20M
$1.05M – $1.40M
NOI $83,955 @ 7.0% cap · market cap 10.50%
Second Best
Flex RnD
$802.8K
$702.5K – $936.6K
NOI $56,197 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,025 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87107, NM
30,340
Population
13,441
Households
2.3
Avg Household Size
44
Median Age
39%
College-Educated
92%
High-School Grad
14.6 sq mi
ZIP Area
2,078
Density / Sq Mi
$59,663
Median Household Income
$36,392
Median Earnings
$901
Median Rent
$282,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - M-1 flex property with warehouse, office, loading, parking, and lifestyle amenities.
Where is this flex space located?
The property is located at 3821 Commercial St NE Albuquerque, NM.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: M‑1 commercial property with three warehouse spaces; Approximately 2,325+/- sq ft of office and living areas; Secure vault included
